PDF by Patrick E. Tolan, Jr. | May-15-2013 | Lead ArticlesWith the election behind us, tax reform looms as the hot-button topic of the day. Based on election results, it is likely that the Obama administration will continue to push for the same types of reforms proposed in the 2013 budget. However, inadvertent consequences of the administration’s proposals, specifically those impacting charitable donations, may lead to unfortunate results in the rush to do something to break the gridlock on tax reform, especially while federal spending remains reduced or “sequestered” until the budget can be balanced. President Obama’s budget proposals have contemplated reducing the top rate for charitable deductions (and all itemized deductions) to 28%. Because America’s largest donors are those in the highest marginal tax brackets, efforts to limit deductibility [...]









